Hello there, what are your thoughts on SOLUSDT? Currently, it has demonstrated its strength through a remarkable breakout, completely breaking free from the short-term downtrend. This is an impressive move from the bull side, as they not only successfully defended key support levels but also pushed the price higher from this point onwards. With the ability to...
Dear friends, escaping the price hike has caused an impressive decrease in product prices. At the time of writing, the price is trading around a stable level of 1.2665, with a downward trend on the 1-hour timeframe. Data from the United Kingdom is still limited this week, and the market is focused on important figures to update expectations of interest rate cuts...
Dear friend, what do you think about the next trend of BTCUSDT? Currently, BTCUSDT is experiencing minimal fluctuations and is primarily forming a cup and handle pattern. At the time of writing, the cryptocurrency market continues to trade below the 52,000 USD resistance level. The upward trend is strong as it consolidates at a high level with stable trading...
Welcome to a new week of promising and effective trading! Looking back at the previous weekend, XRP demonstrated its strength with a remarkable breakout, completely ending the upward trend. Currently, the price is trading around 0.5360, marking a 1.20% decrease for the day. Overall, the recovery momentum of XRPUSD remains limited, with the possibility of further...
Greetings to all Traders! Today, the EURUSD pair continues its upward trend, maintaining a strong position above the 1.084 level during the early trading hours of Tuesday. As long as the EUR/USD remains above the 34 and 89 Simple Moving Averages (EMAs), the outlook for this currency pair remains constructive. Looking at the 4-hour chart, a gradual return to...
Dear friends, today BTCUSDT continues to trade in an upward trend, but there are signs of bearish participation in the market. So, what could be the reason for this coin's short-term decrease? As such, the price has completely surpassed the psychological resistance level at $48,000, and it has reached the area where I expected a price drop at the upper limit of...
Greetings, cherished friends! How do you feel about today's gold prices? Let's delve into a lively discussion! Recent developments have led to a slight downtrend in the USD, yet gold prices haven't soared as one might expect. Gold continues to hover around the $2032 to $2035 mark, with its future direction seemingly shrouded in uncertainty, heavily swayed by...
Hello dear colleagues, what do you think today's closing price for gold will be? Last night, gold dipped despite a significant drop in the USD. Normally, a weaker USD supports a rise in gold prices. However, the last session defied market norms with the USD decline attributed to forecasts showing a drop in U.S. durable goods orders from 0% last month to -4.7% for...
Hello everyone, today gold is continuing its recovery streak at a high level. Currently, gold is trading at $2035, marking a 0.19% increase for the day. Recently, gold has faced difficulties in further increasing its price due to the US bond interest rate reaching 4.4% per year. As a result, this profitable channel has become attractive to investors, prompting...
Dear friend, what are your thoughts on the next trend of this major currency pair? In general, the price has completely broken out of the previous parallel price channel. Currently, it is finding support at 150.30 after a sharp decline from the high of 150.83. My target is still a strong downward correction, as long as it receives strong selling pressure from...
Dear friend, in general, ETHUSDT continues to trade in an upward trend. From the chart, we observe that ETH is currently in a corrective wave 4 phase as mentioned in the daily picture. However, if this possibility occurs and receives strong support from the Fibonacci 0.618 level, which is 2765, it will increase towards the designated target. What about you? Do...
Dear friends, today USDJPY continues its upward trend, but this currency pair is currently experiencing a decrease due to the reduction in US bond interest rates. The cautious and concerned sentiment about inflation data in the United States has led to a decline in this major currency pair. With the potential formation of a double top pattern, I anticipate a...
Dear friends, yesterday's gold trading session was quite calm, with no significant fluctuations occurring. As of now, the price remains steady around $2033, firmly above the support level of $2025. Looking into the short and medium term, the upward momentum of gold is still viewed positively. Based on today's chart, the two main targets for buyers are...
Hello dear friends, today XAUUSD continues to trade in an upward trend with a trading level of around 2032 USD. It is expected that the price will continue to recover after the correction phase and reach the lower limit of the uptrend channel and retest the EMA 34, 89. Finally, I wish you all lots of energy.
Dear friends, what do you think about EURUSD today? Let's come up with a strategy for the new week together! Today, we are looking for selling opportunities as the market has broken outside the uptrend, indicating potential selling evidence with the formation of a head and shoulders pattern on the hourly timeframe. My target is set at 1.0695. And what about you?...
Hello everyone, as predicted last week, the start of the new trading week saw a slight decline in gold. Currently, the precious metal is trading at $2033, marking a 0.08% decrease for the day. Meanwhile, the European Central Bank maintains its stance on interest rate cuts and a significant allocation of euros, which could put pressure on the USD. --> In the...
Currently, this precious metal is trading around the $2017 mark, showing a 0.02% increase for the day. As a result, the PBOC's LPR cut and cautious sentiment have prevented the Gold price from moving. Meanwhile, technical indicators are showing weakness just below the middle line, indicating a decrease in buying pressure. In the coming period and based on the...
Hello dear friends! Today, GBP/USD continues to trade in an upward direction. The opening price increase on Wall Street does not allow the USD to gather strength and helps this currency pair close at a higher level for the fifth consecutive day. Therefore, we are witnessing the recovery of this currency pair. Currently, on the 1-hour time frame, although GBP is...